Here is an update from the BTL and Commercial Mortgage lender, Hampshire Trust Bank. For full details see their latest product information here. This is a packaged only lender so give our team a call and we can talk you through any enquiries you may have.
HTB Announcement
Hampshire Trust Bank Update & Refresh
Specialist BTLs & HMOs:
- Large & small portfolio
- HMOs – no max number of bedrooms
- Holiday lets/airbnbs/short term lets – using this income
- MUFB – no max number of flats
- Freehold flats
- DSS tenants
- REFURB IN TERM – light refurb to be completed within 3 months
Rates:
- 3.89% 2yr fixed @ 65% LTV
- 3.99% 5yr fixed @ 65% LTV
- 4.09% 2yr fixed @ 75% LTV
- 4.19% 5yr fixed @ 75% LTV
Semi-Commercial:
- All types of commercial
- 60/40 split – value in favour of resi
- Commercial income considered
Rates:
- 4.80% 2yr fixed @ 65% LTV
- 4.90% 5yr fixed @ 75% LTV
- 5.10% 2yr fixed @ 65% LTV
- 5.20% 5yr fixed @ 75% LTV
BRIDGING:
- Development exits
- Auction purchases
- Light refurb
- Semi-commercial & BTLs/HMOs
- Fully commercial properties (rates bespoke)
- Legals and val instructed day 1
- Aim to complete in 28 days
Rates:
- 0.55% @ 60% LTV
- 0.60% @ 65% LTV
- 0.65% @ 70% LTV
Applicant Types:
- First time landlords – min income of £25kpa
- No minimum income for experienced landlords
- Foreign nationals & expats
- No max age
- Trust/SPVs/Ltd companies/self-employed